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Topic: Long run Economic Growth in Caribbean Economies You are required to do an essay, in which you critically analyze the following sentence: The Solow

Topic: Long run Economic Growth in Caribbean Economies You are required to do an essay, in which you critically analyze the following sentence: "The Solow model is a useful model in explaining growth experiences between countries, but it is far from the last word on the subject". In your essay, you should address the following: 1. With the use of GDP data over a 25-year period, assess the main sources of economic growth in two Caribbean economies. (Line graphs must be used to depict the data.) 2. Critically analyze the usefulness of Solow model in understanding empirical evidence relating to economic growth in these economies. 3. Discuss how endogenous growth theories enhance your understanding of growth in these economies. 4. Studies found that economies having similar cultures and policies converge to one another at a rate of about 2 percent per year. Looking at the data you have gathered, do you agree with this finding? Support your answer.

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